SecureWorks (NASDAQ:SCWX) Coverage Initiated at StockNews.com

Research analysts at StockNews.com started coverage on shares of SecureWorks (NASDAQ:SCWX) in a research report issued on Tuesday. The firm set a “hold” rating on the technology company’s stock.

SecureWorks Stock Performance

NASDAQ SCWX opened at $8.51 on Tuesday. The company has a market cap of $755.94 million, a P/E ratio of -8.60 and a beta of 0.94. The company has a fifty day simple moving average of $8.50 and a 200 day simple moving average of $8.37. SecureWorks has a 12-month low of $5.61 and a 12-month high of $9.76.

Institutional Investors Weigh In On SecureWorks

A number of institutional investors and hedge funds have recently made changes to their positions in SCWX. Retirement Solution LLC acquired a new position in SecureWorks during the 4th quarter valued at about $85,000. Balyasny Asset Management L.P. purchased a new position in shares of SecureWorks during the fourth quarter valued at approximately $103,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in shares of SecureWorks during the fourth quarter valued at approximately $169,000. Y.D. More Investments Ltd grew its holdings in SecureWorks by 7.9% during the fourth quarter. Y.D. More Investments Ltd now owns 20,465 shares of the technology company’s stock worth $173,000 after buying an additional 1,501 shares in the last quarter. Finally, FMR LLC raised its position in SecureWorks by 22.3% in the 3rd quarter. FMR LLC now owns 21,734 shares of the technology company’s stock valued at $192,000 after buying an additional 3,964 shares during the last quarter. Institutional investors and hedge funds own 14.38% of the company’s stock.

SecureWorks Company Profile

SecureWorks Corp., through its subsidiaries, provides technology-driven information security solutions for protecting its customers in the United States and internationally. The company's solutions include software-as-a-service solutions; managed security services; and professional services, including incident response and penetration testing services.